Legal Question in Real Estate Law in Georgia

Loan denied because of investor indecision

I applied for a mortgage loan to purchase two adjacent lots with a well-known mortgage company. I have very good, established credit, low debt-to-income ratio (12%), documented funds for 10% plus down payment and a veriable six figure. Satisfactory appraisals were obtained. Good Faith estimates were provided. Title binders were issued. I was told closing was imminent; within days. In preparation for closing, I sold several hundred shares of stock. A few days later the lender abrutly declared they could not close the loan. I recevied a form letter stating based on information from Equifax the loan was denied. I obtained the Equifax report from the lender which states all accounts paid as agreed with a reported credit score of 730. I have sinced learned from an employee of the lender that the real reason for the denial is the company could not sell the loan for the terms they had quoted me. I have since secured a loan with another lender. But the false premise of denial of the original lender pisses me off. Not to mention, had I not sold my stock due to the ''imminent'' closing, I would have gained in additional $10,000 as the value increased substainally within days being sold. Any grounds for a suit against the lender?

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